NuScale Power (NYSE:SMR) Shares Down 3.8% - Here's Why

Key Points

• Shares fell 3.8% to about $19.72 on Monday with mid-day volume around 25.6M shares (down ~37% from the average), after a prior close of $20.51.
• Analysts are mixed — the consensus rating is Hold with a $34.75 target, but several recent downgrades (BNP Paribas, Wall Street Zen, Weiss) have reduced sentiment.
• Fundamentals remain weak: the latest quarter (reported Nov. 6) showed an EPS miss of ($1.85) vs. ($0.11) expected and revenue of $8.24M vs. $11.29M, and the CFO sold 40,000 shares, cutting his ownership by ~46%.

NuScale Power Corporation (NYSE:SMR - Get Free Report)'s share price was down 3.8% during trading on Monday . The stock traded as low as $19.52 and last traded at $19.7230. Approximately 25,612,773 shares were traded during mid-day trading, a decline of 37% from the average daily volume of 40,925,078 shares. The stock had previously closed at $20.51.

Analyst Ratings Changes

A number of equities analysts recently issued reports on SMR shares. BNP Paribas Exane cut shares of NuScale Power from a "neutral" rating to an "underperform" rating in a research note on Tuesday, October 21st. Zacks Research upgraded shares of NuScale Power from a "strong sell" rating to a "hold" rating in a report on Monday, December 22nd. BNP Paribas lowered NuScale Power from a "hold" rating to a "strong sell" rating in a research report on Tuesday, October 21st. Wall Street Zen downgraded NuScale Power from a "hold" rating to a "sell" rating in a research note on Saturday, November 8th. Finally, Weiss Ratings restated a "sell (d-)" rating on shares of NuScale Power in a research report on Monday, December 29th. Four analysts have rated the stock with a Buy rating, nine have issued a Hold rating and four have issued a Sell rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus target price of $34.75.

NuScale Power Trading Down 3.8%

The firm has a market capitalization of $5.89 billion, a PE ratio of -6.90 and a beta of 2.12. The business's 50 day simple moving average is $20.33 and its 200 day simple moving average is $33.17.

NuScale Power (NYSE:SMR - Get Free Report) last issued its quarterly earnings data on Thursday, November 6th. The company reported ($1.85) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.11) by ($1.74). The company had revenue of $8.24 million for the quarter, compared to analysts' expectations of $11.29 million. NuScale Power had a negative net margin of 594.63% and a negative return on equity of 51.27%. The company's revenue for the quarter was up 1635.2% on a year-over-year basis. During the same quarter last year, the company earned ($0.18) earnings per share. Analysts forecast that NuScale Power Corporation will post -0.73 earnings per share for the current year.

Insider Activity

In related news, CFO Robert Ramsey Hamady sold 40,000 shares of the company's stock in a transaction dated Monday, December 8th. The shares were sold at an average price of $22.17, for a total value of $886,800.00. Following the completion of the sale, the chief financial officer directly owned 46,283 shares of the company's stock, valued at $1,026,094.11. This represents a 46.36% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 1.20% of the company's stock.

Institutional Trading of NuScale Power

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Lauer Wealth LLC boosted its holdings in shares of NuScale Power by 25.7% in the 4th quarter. Lauer Wealth LLC now owns 11,388 shares of the company's stock valued at $161,000 after acquiring an additional 2,326 shares during the last quarter. Brave Asset Management Inc. purchased a new position in NuScale Power in the 4th quarter worth approximately $142,000. Wealth Enhancement Advisory Services LLC boosted its holdings in NuScale Power by 4.7% in the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 27,998 shares of the company's stock valued at $397,000 after purchasing an additional 1,256 shares during the last quarter. Aventura Private Wealth LLC purchased a new position in NuScale Power during the fourth quarter worth about $141,000. Finally, Triumph Capital Management acquired a new position in NuScale Power in the 3rd quarter valued at about $37,000. Institutional investors and hedge funds own 78.37% of the company's stock.

NuScale Power Company Profile

NuScale Power Corporation, trading on the NYSE American under the ticker SMR, is a pioneering developer of small modular nuclear reactors. Established in 2007 as a spinout from Oregon State University, the company is headquartered in Portland, Oregon. NuScale’s mission is to deliver zero-carbon baseload power through scalable modular reactor technology, aiming to transform traditional nuclear energy deployment.

At the core of NuScale’s offering is the VOYGR small modular reactor design, featuring 77-megawatt electric (MWe) modules with passive safety systems.

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